North America Market Statistics
On the basis of regional analysis, the global pet food processing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America industry is predicted to dominate majority revenue share by 2036, on the back of rising investments in pet food processing technology by key players in the region. There is also a need for pet companionship amongst individuals in the region, and therefore an increase in demand for pet foods amongst the pet owners, which is further anticipated to drive the growth of the North America market.
APAC Market Analysis
The market in Asia Pacific is anticipated to record the highest CAGR on the back of rising influence of the Western lifestyle, increasing disposable income and increasing pet adoption in the region.
Author Credits: Parul Atri
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